The world’s biggest smartphone creator, Samsung Electronics in South Korea, has sold more than 10 million units of its latest model, the Galaxy S III. The launch of this newest smartphone happened only two months ago. The company’s success comes during a time when many investors are bracing themselves for poor profits from technology companies this quarter.

At the beginning of July, Samsung representatives projected a record operating profit of 6.7 trillion dollars in the second quarter, in part due to robust sales of its flagship Galaxy phones. On that note, one can’t help but ponder the idea of a world where Apple is not king – and this latest sales report by Samsung makes us believe that the idea may be coming to fruition. Samsung’s contenders are the iPhone and iPad in the smartphone and tablet arena.

J.K. Shin, head of the Samsung Mobile Communications Division said recently, “It appears that [our accumulated sales] have exceeded 10 million units.” He also stated that he projects that global sales of the phone, which is now being sold in just under 150 countries, will go beyond the 10 million by the end of July 2012. The figure is expected to include about 1 million sales at home.

What’s so great about the latest Galaxy? For one, the gadget offers face-recognition technology. Moreover, it delivers advanced voice-activated controls and a super duper processor. The S III also boasts a 4.8-inch screen which is a whopping 22% bigger than the previous S II model. The device can even detect eye movements and will not employ automatic shutdown if a user is looking at the screen.

According to Strategy Analytics this past April, 44.5 million smartphones were shipped in the first quarter which surpassed the 35.1 million of their Apple opponent.

The smartphone/tablet battle goes deeper than competing for sales between these two companies, however. Samsung and Apple have been duking it out in federal court for a long time now, primarily over a throng of patent suits files in federal courts including one in which Apple accused Samsung of aping their iPad design. Apple went so far as to send a letter to a slew of retailers in an effort to hinder sales of the Samsung Galaxy Tab 10.1 and the Galaxy Nexus. Samsung recently won one of these court battles when a High Court judge in the UK demanded that Apple advertise on their website and in newspapers and magazines that Samsung did not copy the Apple’s iPad design. Read more about this verdict in a related article by CPS.

Secure your Samsung Galaxy SIII with a dependable Consumer Priority Service extended warranty today.